LOL. How about anyone who holds a non-monetary asset for no other reason than they think it will hold its value? Non-monetary assets have very different properties. In particular, they depend on accruing value by productive growth. (i.e. they actually need to keep developing to stay ahead). Thats why, say, the likes of Ethereum have a big challenge because they can't rely on being the "first" to market. It can be much more easily replaced than bitcoin can and are exposed to the "MySpace - Facebook" phenomenon in a way that Bitcoin isn't. We've already seen that by virtue of there having been hundreds of more technologically advanced alt-coins which haven't even put a dent in Bitcoin's marketcap. On the other hand, if a more technologically advanced smartcontract blockchain emerged it WOULD be likely to put a dent in ethereum's marketcap. You didn't answer my question! Why anyone holding a non-monetary asset, for no other reason than they think it will hold its value, is NOT a speculator? Why anyone holding say a house, for no other reason than they think it will hold its value, is NOT a speculator? |
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Anyone who holds a pure monetary asset for no other reason than they think it will hold its value is by definition a speculator. LOL. How about anyone who holds a non-monetary asset for no other reason than they think it will hold its value? |
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Possible prediction market question: Who was behind the DAO attack? Who cares? Get over it and move to next altcoin with greener pump&dump pastures. |
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They kill infidels and have poor money-management skills?
With bitcoin you don't need any money-management skills. Just keep your bitcoins in a safe wallet and spend them at the very last moment. |
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Stop selling God damn it!
Sorry, I need one more dip below 600 and then will join you. |
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Pleasem hard fork it. thanks!
If Ethereum decides to go with a hard fork I will lose all confidence in this token, forever. Soft fork is fine with me, it will give a warning to hackers that they will not gain from their criminal activities. Criminal activity is a category created by law; in other words, something is a crime if declared as such by the relevant and applicable law. Such activities are forbidden and punishable by law. Are ethereum smart contracts forbidden and punishable by law? The contract law could indicate a contract should be fair to both parties. If the law thinks it is unfair, then the contract is invalid. Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract. How will you prove that ethereum computer protocol is unfair? How will you prove open source computer code that calculates 2+2=4 is unfair? |
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Pleasem hard fork it. thanks!
If Ethereum decides to go with a hard fork I will lose all confidence in this token, forever. Soft fork is fine with me, it will give a warning to hackers that they will not gain from their criminal activities. Criminal activity is a category created by law; in other words, something is a crime if declared as such by the relevant and applicable law. Such activities are forbidden and punishable by law. Are ethereum smart contracts forbidden and punishable by law? |
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I am back to USD for a while... made my profit. Don't see how the price can stay that way in a long run.
The price will be much higher in a long run. In a short run it might dip lower. Which is good because I need to buy more coins, the lower is price the better. |
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But why all the hassle? Just sell your ethers and move to some other altcoin, if you're altcoin lover. There are hundreds of them and much more secure than ethers.
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It's like if a bank robber manages to steal 15% of USD currency and we choose to use AUD instead.
Nope. It's like you choose to print USD bills with a new design to make counterfeiting more difficult. Just what central banks do when they print too much money. |
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What do you think China will do after it has too much coins? #WinkWink
There is no such thing as having too much coins! #WinkWink |
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This seems pretty simple to me.
Decentralized crypto-currencies are all about consensus.
Vitalik suggested a hard fork rollback.
The majority seem to want it...that's consensus!
Now roll it back.
Note - I was not affected by this DAO/ETH situation.
Thats more or less true with a soft fork, but a hard fork, is like going back in time an change the law. Example: You go into the casino and win legally 50 Million with a new technique. The casino owner is bankruped and the stock is dropping by 50%. He and his stock owners decide to go back in time and change the casino rules, so that the one, that wins the 50 Million at this day doesn't have to be payed out. Fair? But even the soft fork can be somehow discussable: The winner won the 50 Million, that can only be payed out a month later. But the Casino owner closes the casino, and sets all escrow funds on hold. In a casino, if you exploit to win, you're thrown out and blacklisted at every casino in town. I thought it was a smart contract platform? In a casino you have to have a lot of luck. Welcome to eth casino. Good Luck! omg u made it...lol ive never been soo happy 2 c u,lol u bring me luck  Pleasure is mine. I'm glad you're so happy. |
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This seems pretty simple to me.
Decentralized crypto-currencies are all about consensus.
Vitalik suggested a hard fork rollback.
The majority seem to want it...that's consensus!
Now roll it back.
Note - I was not affected by this DAO/ETH situation.
Thats more or less true with a soft fork, but a hard fork, is like going back in time an change the law. Example: You go into the casino and win legally 50 Million with a new technique. The casino owner is bankruped and the stock is dropping by 50%. He and his stock owners decide to go back in time and change the casino rules, so that the one, that wins the 50 Million at this day doesn't have to be payed out. Fair? But even the soft fork can be somehow discussable: The winner won the 50 Million, that can only be payed out a month later. But the Casino owner closes the casino, and sets all escrow funds on hold. In a casino, if you exploit to win, you're thrown out and blacklisted at every casino in town. I thought it was a smart contract platform? In a casino you have to have a lot of luck. Welcome to eth casino. Good Luck! |
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Banking system doesn't need bitcoin any more than it needs cancer. The banks handle fiat, why in the world would they support something that's openly anti-bank & anti-fiat?
For the same reason news papers supported their websites despite that their websites are openly anti-paper! For the same reason telecoms supported Internet despite that Internet is openly anti-telephone! Those businesses don't need Internet any more than they need cancer but... they have to adapt or die! |
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When I decide to sell some bitcoins I'll go into gold. I prefer to depend on people that trust in gold as ultimate monetary form rather than depend on people that trust in US dollar. You have to be brain dead to keep your savings in dollars.
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Let me understand. In the event of some kind of long-term disruption to large parts of the internet, you plan to just up and build your own?
Yeah .. why not? It wouldn't be hard. The infrastructure would probably be terrible at first and we would probably communicate with point lasers in Morse code or with some weird ass trumpets that ancient sheep herders used in the mountains to communicate by sound. But I thought of a way to just bypass the electricity and use light directly to be readable from the optic fiber cable. LOL. Money will be worthless in such a situation. Only important thing will be how much weapons and amo you have. |
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Gold does not have a password and its heavy!!! And with that I end my argument.
LOL. It's always fun to meet people that can't imagine a world without Internet. Gold does not have a password and that is good, you can't forget it! Gold is heavy at current price. When it appreciates x100 it will not be so heavy! 'Course that's not counting the equipment to measure and assay micrograms of gold for payments. That could be quite heavy, expensive, power hungry, ... ridiculous actually. You prefer the heavy, expensive, power hungry equipment to mine 'digital' gold, or the heavy, expensive, power hungry equipment to guard your hot wallet, or the heavy, expensive, power hungry equipment to guard your password from being stolen?... Crypto money is a hype. If some crisis event causes Internet fragmentation this hype is dead, dude. Face it! |
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Gold does not have a password and its heavy!!! And with that I end my argument.
LOL. It's always fun to meet people that can't imagine a world without Internet. Gold does not have a password and that is good, you can't forget it! Gold is heavy at current price. When it appreciates x100 it will not be so heavy! |
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Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money.
I'd say the dumb money is in gold. I'd say the dumb money is in US dollar. |
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Cos once your out of bitcoin, yo in fiat. Quicksand.
Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money. |
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